The FinTech Hub
Source: Live Mint Niva Bupa Health Insurance Limited’s initial public offering (IPO), through a book-building process, offers a fresh issue and an offer-for-sale (OFS) component, which closed for subscription on Monday, November 11. The public offer was oversubscribed 1.8 times on the final day as investors bid for 31.13 crore shares, compared to 17.28 crore…
Source: Live Mint (Bloomberg) — Partners Group Holding AG has selected banks for a potential initial public offering of Ammega Group BV as the private equity firm explores options for the European conveyor-belt maker, according to people familiar with the matter. Bank of America Corp. and UBS Group AG are the leading arrangers for a…
Source: Live Mint Oil prices dropped around 2 per cent on Monday, November 11, after China’s stimulus plan disappointed investors, Reuters reported. The report added that Brent crude futures fell by 2.48 per cent or $1.83 to $72.04 a barrel at 2:44 pm (GMT), and US West Texas Intermediate crude futures declined by 2.71 per…
Source: Live Mint Stocks rose for a fifth straight session, Bitcoin topped $84,000 and the dollar was on track for a one-year high, with investors continuing to bet those trades will benefit from President-elect Donald Trump’s agenda. Economically sensitive shares led gains, with the Russell 2000 index of smaller firms hitting the highest since 2021….
Source: Live Mint Gold’s future contract rates on the Multi Commodity Exchange of India (MCX) index fell 2.44 per cent to ₹75,386 as of 10:01 p.m. on November 11. The precious yellow metal closed at ₹77,272 at the previous market close. In the domestic markets, Gold prices slid ₹450 to ₹79,550 per 10 grams in…
Source: Live Mint The Securities and Exchange Board of India (Sebi) on Monday mandated all qualified stockbrokers to provide their clients with a unified payments interface (UPI) for blocking funds or a 3-in-1 trading system to trade in the secondary markets. From 1 February 2025, all qualified stockbrokers must offer either the UPI-blocked trading facility…
Source: Live Mint US stock indices surged to record high on Monday, following last week’s rally as optimism on proposed tax cuts and expectations of an easier regulatory environment after Donald Trump won the US presidency continued. At the opening bell, the Dow Jones Industrial Average rose 254.75 points, or 0.58%, to 44,243.74. The S&P…
Source: Live Mint India’s Shree Cement topped second-quarter profit estimates on Monday, as higher-than-expected sales volumes helped mitigate low prices of the key construction material. The country’s third-biggest cement maker by market capitalisation reported a net profit of 931.3 million rupees ($11 million) for the three months ended Sept. 30, down 81% from year-ago. Analysts…
Source: Live Mint Mumbai:Indian government bond yields ended slightly higher after a range-bound trading session on Monday, with investors awaiting domestic and U.S. inflation data for clues on the outlook for interest rates. The benchmark 10-year yield ended at 6.7874%, compared with Friday’s closing level of 6.7762%. The yield traded in a one-basis point range…
Source: Live Mint Page Industries Ltd’s investors seem confident after its September quarter (Q2FY25) results beat expectations on key parameters. The stock hit a new 52-week high of ₹48,393.70 on Monday and has been up about 5% since the results were announced on 7 November. Revenue growth returned to double-digit in Q2FY25 of around 11%…
